NZDJPY: Potential Structure Trade Explained 🇳🇿🇯🇵
Updated
NZDJPY is growing sharply during the last two weeks.
This morning a 78.0 level was reached.
Being a strong daily structure resistance I am looking for shorting opportunities from there.
The pair is currently growing within a rising parallel channel.
Being within the market remains bullish.
We need its bearish breakout (4H candle close below its support) to confirm a reversal.
Goals will be 76.8/76.3
In case of a bullish breakout of a yellow zone,
the setup will be invalid.
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